Credit card usage in the United States is substantial. Many startup companies use E credit cards as a way to help meet short-term financial needs. The most common forms of debt for startups are use of credit cards and loans from relatives. Suppose that you start up Fantastic Sandwich Shop. You invested your savings of $20,000 and borrowed $70,000 from your relatives. Although sales in the first few months are good, you see that you may not have sufficient cash to pay expenses and maintain your inventory at acceptable levels, at least in the short term. You decide you may need to use one or more credit cards to fund the possible cash shortfall.

Instructions (a) Go to the Internet and find two sources that provide insight into how to compare credit card terms. (b) Develop a list, in descending order of importance, as to what features are most impor- tant to you in selecting a credit card for your business. (c) Examine the features of your present credit card. (If you do not have a credit card, select a likely one online for this exercise.) Given your analysis above, what are the three major disadvantages of your present credit car